Advanced Drainage Systems (Advanced Drainage Systems) Days Payable

: 48.90 (As of Dec. 2023)

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Advanced Drainage Systems's average Accounts Payable for the three months ended in Dec. 2023 was $216 Mil. Advanced Drainage Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $403 Mil. Hence, Advanced Drainage Systems's Days Payable for the three months ended in Dec. 2023 was 48.90.

The historical rank and industry rank for Advanced Drainage Systems's Days Payable or its related term are showing as below:

WMS' s Days Payable Range Over the Past 10 Years
Min: 26.93 Med: 40.52 Max: 46.13
Current: 43.3

During the past 12 years, Advanced Drainage Systems's highest Days Payable was 46.13. The lowest was 26.93. And the median was 40.52.

WMS's Days Payable is ranked worse than
76.03% of 1602 companies
in the Construction industry
Industry Median: 73.815 vs WMS: 43.30

Advanced Drainage Systems's Days Payable increased from Dec. 2022 (43.45) to Dec. 2023 (48.90). It may suggest that Advanced Drainage Systems delayed paying its suppliers.

Advanced Drainage Systems Days Payable Historical Data

The historical data trend for Advanced Drainage Systems's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advanced Drainage Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

34.35

26.93

39.22

36.71

40.66

Advanced Drainage Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																43.45	44.36	42.47	41.00	48.90

Competitive Comparison

For the Building Products & Equipment subindustry, Advanced Drainage Systems's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Advanced Drainage Systems Days Payable Distribution

For the Construction industry and Industrials sector, Advanced Drainage Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Advanced Drainage Systems's Days Payable falls into.

Advanced Drainage Systems Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Advanced Drainage Systems's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (224.986	+	210.111)	/	2 )	/	1952.713	*	365
=	217.5485					/	1952.713	*	365
=	40.66

Advanced Drainage Systems's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (223.536	+	207.902)	/	2 )	/	402.518	*	365 / 4
=	215.719					/	402.518	*	365 / 4
=	48.90

Advanced Drainage Systems Days Payable Related Terms

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Advanced Drainage Systems (Advanced Drainage Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advanced Drainage Systems Inc (NYSE:WMS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6DA:Germany

Address

4640 Trueman Boulevard, Hilliard, OH, USA, 43026

Website

https://www.adspipe.com

Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.

Executives

Brian W. King	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Michael G. Huebert	officer: Senior Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Tim A Makowski	officer: SEE REMARKS (A)	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Robert M Klein	officer: EVP, Sales	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Anil Seetharam	director	200 CLARENDON STREET, FLOOR 35, BOSTON MA 02116
Ross M Jones	director	ONE BOSTON PLACE, 33RD FL, BOSTON MA 02108
Alexander R Fischer	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLARD OH 43026
Darin S. Harvey	officer: EVP, Supply Chain & Logistics	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Craig J. Taylor	officer: Executive Vice President	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Perez De La Mesa Manuel J	director
Kevin C Talley	officer: EVP and CAO	C/O ADVANCED DRAINAGE SYSTEMS INC, 4640 TRUEMAN BOULEVARD, HILLIARD OH 43026
Kelly S. Gast	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026
Berkshire Partners Holdings Llc	10 percent owner	200 CLARENDON STREET, 35TH FLOOR, BOSTON MA 02116
Berkshire Fund Ix, L.p.	10 percent owner	C/O NINTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Michael B. Coleman	director	C/O ADVANCED DRAINAGE SYSTEMS, INC., 4640 TRUEMAN BLVD., HILLIARD OH 43026